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The rupiah was expected to trade with a focus on Indonesia's foreign exchange reserves data and Chinese trade figures on Thursday December 7. The currency had closed at Rp 15,490 per dollar after US job openings fell by 617,000 to 8.73 million in October, below the 9.3 million consensus and the lowest since March 2021.
Weak US labour data points to easing inflation pressure and supports expectations of Fed rate cuts, which weakens the dollar. This is a routine currency preview with limited direct effect on feed commodity prices.
cnbcindonesia.comTasya NataliaDec 7, 2023After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
